Surplus Finvest Private Limited, a member of the promoter group of Future Market Networks Ltd , has confirmed that none of its equity shares in the company are encumbered as of March 31, 2026. This disclosure provides shareholders with clarity regarding the status of the promoter's holdings, indicating that the shares are free from any liens or charges.

The declaration was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires promoters to disclose the encumbrance status of their holdings for the financial year ended March 31, 2026.

Sangita Biyani, Director of Surplus Finvest Private Limited, signed the declaration on April 07, 2026. The filing confirms that the promoter group's stake remains unencumbered, directly or indirectly, ensuring that the shares are not pledged against any liabilities.

Future Market Networks Limited has fixed the price at ₹12.77 per security for its proposed preferential issue of equity shares and warrants to Westfield Hygiene Private Limited. The company issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for June 17, 2026, to rectify the price determined through a valuation report and to correct the stock exchange designation where the equity shares are frequently traded.

The EGM will seek shareholder approval to issue up to 1,00,000 equity shares and 1,99,00,000 fully convertible warrants to Westfield Hygiene Private Limited, a non-promoter group entity. The total issue size aggregates to ₹25,54,00,000. The warrants will be convertible into one fully paid-up equity share of face value ₹10 each within 18 months from the date of allotment.

Pricing and Valuation

The issue price of ₹12.77 per equity share and warrant includes a premium of ₹2.77. This price was determined based on a valuation report obtained from Vishnu Khandelwal, a registered valuer, as the proposed allotment exceeds 5% of the post-issue fully diluted share capital. The relevant date for determining the floor price is May 18, 2026.

The company noted that the equity shares are frequently traded on the National Stock Exchange of India Limited (NSE) with higher trading volumes, correcting a previous mention of BSE Limited. The 90-day and 10-day volume weighted average prices were ₹8.48 and ₹10.29 respectively, but the valuation report price of ₹12.77 was adopted for the preferential allotment.

Payment Structure

The subscription requires an upfront payment of 25% of the warrant issue price, amounting to ₹6,35,30,750. The remaining 75%, equivalent to ₹19,05,92,250, will be payable upon the exercise of the warrants. Full consideration for the equity shares must be paid at the time of allotment.

Shareholding Pattern

The corrigendum also rectified an error in the post-issue shareholding pattern table. The sub-total (B) under Public for post-issue equity shares was corrected to 5,99,60,971 shares, representing 54.49% of the shareholding.

The EGM will be held via Video Conferencing and Other Audio-Visual Means on June 17, 2026, at 2:00 p.m. IST. The company stated that the warrants and equity shares will be subject to lock-in periods as prescribed under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.